.Head of state Vladimir Putin signed a decree Tuesday temporarily entrusting command of a major junk food maker to the Russian government.In April 2023, Putin licensed the federal government to confiscate the Russia-based resources of overseas companies from nations the Kremlin views as "hostile," a step extensively seen as revenge to the West icy around $300 billion in Russian condition possessions.Putin's most recent decree instructions the confiscation of the Glavproduct keeping company, many of its own subsidiaries and three canning vegetations. The authorities will additionally take control of Glavproduct's parent business Promselkhozinvest, which is had due to the U.S.-registered Universal Drink Business.Universal Drink is actually owned by Russian-born U.S. business owner Leonid Smirnov, that migrated coming from the Soviet Union in the 1970s and also came back to Russia in the 1990s, according to the Kommersant company daily.The newspaper described Glavproduct as Russia's leading junk food producer, with much more than five hundred labels of prerecorded pork, short dairy as well as canned fish and also veggies.Temporary authorities control of the taken possession of properties are going to be actually overseen by Russia's Federal Company for Condition Building Administration, Rosimushchestvo, according to Putin's decree.The USA as well as European Union blocked or even confiscated greater than $350 billion of state and also private properties as aspect of Western nods over Russia's 2022 attack of Ukraine. EU member states acknowledged in May to make use of billions of europeans in make money from the frosted possessions to help arm Ukraine and also fund its post-war repair.